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Oceanfront Mixed-Use Property
For Sale
$1,680,000

74450 Overseas Highway, Islamorada, FL 33036

Commercial Sale, Lower Matecumbe, FL

Property Size1,980 SF
Lot Size0.16 Acres
Price / SF$848.48
Days on Market47

Property Features for 74450 Overseas Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning NC - Neighborhood Commerc
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Appliances Washer, Dryer
Subdivision White Marlin Bch (74.5)
View Ocean
Directions corner if Gulfview and US1
Standard status Active
APN 00392260-000000
Size 1,980 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943-
Tax Annual Amount 7363
Legal Description BKB LT 8 WHITE MARLIN BEACH SEC-1 PB3-184 LOWER MATECUMBE KEYOR551-321 OR1400-1065/66 OR1400-1067/68 OR2101-2400 OR2943-

Utilities

Water front features Ocean Front
Water front 1

Building Details

Year built 1967
Floors in Building 2
Building materials CBS, Concrete
Listing Agency: Realty ONE Group Destination (ISL)
Listed By: Krissy Carnahan · License #3508306
Added: Jul 8 Changed: Aug 22 Last Checked: Aug 23 at 12:06AM
MLS# 620534

Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property contains 1,980 square feet on a 0.16-acre parcel and is currently arranged as two primary residential and commercial spaces. The building was constructed in 1967 and includes two bedrooms, two bathrooms, a washer, and a dryer. CBS and concrete construction are reported, with Ocean Front listed among the waterfront features.

Located at 74450 Overseas Highway in Lower Matecumbe, the property fronts the Overseas Highway at Mile Marker 74.5. Neighborhood Commercial zoning applies to the site. The property was originally permitted as a three-unit apartment building, providing a documented basis for evaluating additional configuration subject to local approvals. Its setting combines highway access with Atlantic Ocean views in the Islamorada area of the Florida Keys.

Key Highlights

  • 1,980‑square‑foot mixed‑use property on a 0.16‑acre parcel
  • Ocean Front property with Atlantic Ocean views
  • Frontage on Overseas Highway at Mile Marker 74.5

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Auto Repair Shop Law Firm Grocery & Convenience Store Big Box & Wholesale Store Veterinary Clinic Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

90
Businesses Nearby

Demographics for 33036, FL

3,541
Population
3,651
Households
1
Avg Household Size
56
Median Age
40%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
611
Density / Sq Mi
$88,214
Median Household Income
$46,735
Median Earnings
$1,846
Median Rent
$995,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Neighborhood Commercial zoning supports a flexible residential and commercial configuration with Atlantic Ocean frontage.
Where is this mixed-use property located?
The property is located at 74450 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 1,980‑square‑foot mixed‑use property on a 0.16‑acre parcel; Ocean Front property with Atlantic Ocean views; Frontage on Overseas Highway at Mile Marker 74.5
More about this property
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